The Pepe Price Pumps 3% As Investors Turn To This Chain-Traveling Dogecoin Derivative For Parabolic Gains

The Pepe price climbed 3% in the last 24 hours to trade at $0.00000746 as of 01:36 a.m. EST on trading volume that rose 3% to $1.1 billion.
This comes days after Coinbase International launched Pepe perpetual futures contracts trading, which has enabled clients outside the US to trade the meme coin using leverage.

Pepe Price To Sustain Its Surge Over The Bullish Pennant

The Pepe price soared 22% after futures were launched on Coinbase International to the resistance around $0.00000822.

[Image of PEPEUSD Chart Analysis Source: Tradingview.com]

After an upward trend in March that saw the Pepe price soar to an all-time high of $0.00001064, buyers took a pause to catch their breath. As a result, the Pepe price consolidated, forming a tiny symmetrical triangle: a pennant.

The Pepe price has been trading within the $0.00000735 and $0.0000080, which is over the upper boundary of the bullish pennant. Having breached the upper boundary, Pepe is set to soar even higher.

PEPE is trading above both the 50-day and 200-day Simple Moving Averages, a confirmation of the token’s upward potential.

Additionally, the Relative Strength Index (RSI) movement shows investors are buying. The RSI has shifted from oversold levels to over the 50-midline level. As bulls increase pressure, the RSI could soar to the 70-overbought region, indicating continuous investor optimism.

Pepe Price Prediction

The Pepe price Analysis indicates a bullish bias, as the energy gathered by the bulls within the symmetrical triangle allowed them to push the price above the pennant.

With the RSI rebounding above the 50-midline level and the golden cross at $0.00000121, the bulls are stomping and revving up for another run, targeting another ATH at $0.00001187.

However, the surge could prompt investors to book profits, which could result in a retrace back to the support zone around $0.00000289, coinciding with the 200-day SMA.

Meanwhile, investors are also buying $DOGEVERSE, a red hot meme coin that has already garnered over $11 million in presale.

Dogeverse Presale Hurtles Past $11 Million

Dogeverse (DOGEVERSE) differentiates itself from other meme coins by being built on a multichain network that consists of Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024

The project’s mascot, Cosmo the Doge, is a chain-hopping Doge born from a collapsing supernova. This allows the dog to hyperjump between the stars of the crypto universe for multichain utility.

You can earn a passive income through the platform’s staking option, where you stake $DOGEVERSE for an impressive 100% annual percentage yield.

With Dogeverse selling extremely fast, crypto analyst and YouTuber ClayBro, who has over 125K subscribers, says he’s already bought the tokens. He believes Dogeverse will open the door to new possibilities for other dog-themed meme coins.

You can participate in the presale by buying $DOGEVERSE for $0.000302 per token. Buy soon because another price hike is coming in about a day.

Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.

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Source: https://thebittimes.com/the-pepe-price-pumps-3-as-investors-turn-to-this-chain-traveling-dogecoin-derivative-for-parabolic-gains-tbt86633.html